It's no surprise the French government is involved in this. They love these moonshot projects that aim to create the French X for any X that is a successful service by an American company. Qwant[1], launched as "The French Google" with a focus on privacy, serves 10 million searches a day (a ridiculously small number). No one has heard of it, no one uses it, and it's another project with a dream of restoring France to…
I hope they learned their mistakes and won't do them again but I fear they'll just do it the same way.
What the French government doesn't understand is that you don't create a tech giant the same way you create the TGV, the Ariane rocket or Airbus. That model worked for those giant industrial projects, but it doesn't work for tech.